- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Judging performance of a financial advisor
Posted on 7/14/20 at 5:12 pm to lsu13lsu
Posted on 7/14/20 at 5:12 pm to lsu13lsu
"When gut wrenching shite hits the fan will you freak out?"
Talked to a neighbor who is a successful financial advisor. He said one of his main jobs is to keep people calm during volatile times.
I do not use one myself, but have focused on "critical mass" from an early age. That being enough to be able to step away from 8-5.
But lsu13lsu asks a great question. Did you instruct them to take a conservative approach to investing for you?
Talked to a neighbor who is a successful financial advisor. He said one of his main jobs is to keep people calm during volatile times.
I do not use one myself, but have focused on "critical mass" from an early age. That being enough to be able to step away from 8-5.
But lsu13lsu asks a great question. Did you instruct them to take a conservative approach to investing for you?
1
Posted on 7/14/20 at 5:41 pm to ItzMe1972
quote:
Talked to a neighbor who is a successful financial advisor. He said one of his main jobs is to keep people calm during volatile times.
Yep, we all know people who have thought the market was too expensive since the global financial crisis and missed out on tons of gains. But, at least they didn't pay fees to an advisor.
ETA: The only way to judge an advisor is to compare them to the market. Doesn't mean S&P 500. It means whatever risk profile you agreed to in the beginning. Slow and Steady doesn't sound like you agreed to S&P 500, Russell 2000 or NASDAQ.
This post was edited on 7/14/20 at 5:45 pm
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News